Mining Journal Online

Antofagasta earnings beat expectations

The London-listed Chilean company reiterated its 2008 production outlook and was upbeat about metals markets

Related articles:
Antofagasta to focus on costs to hold margins
Cost pressures see fall in Antofagasta’s pre-tax profits

BHP Billiton restarts Yandi iron ore mine in Australia

The mine yielded about 40Mt of ore last year, or 13% of Australia`s exportable ore, making it one of the largest of its kind in the Pilbara iron belt of west Australia

Rio Tinto profits jump 55% in first half

Global miner Rio Tinto posted a better-than-expected 55% jump in first-half profit, boosted by its 2007 takeover of Alcan and strong Chinese demand, and raised its dividend on Tuesday

China net importer of zinc and lead in July

This may be good news for both metals, prices of which have sunk steadily this year as underlying market dynamics shift from deficit to surplus

Kyrgyz court refuses to void key Centerra deal

A court in Kyrgyzstan on Tuesday ruled against voiding a key government decree that gave Canada`s Centerra Gold Inc ownership rights over the Kumtor gold mine

BHPB shuts Australian iron ore mine after fatality

BHP Billiton has shut its giant Yandi iron ore mine in Australia until further notice while it investigated a fatality, the company said on August 26

Indian steel companies push for iron ore export tax hike

Indian steel firms have asked the government to increase an export duty on iron ore to 35% from 15% to slow exports and ensure supplies in the domestic market, an industry official said on August 26

BHPB to face South African competition body over Rio Tinto bid

BHP Billiton, involved in a US$128 billion plan to buy rival Rio Tinto, was asked by South Africa`s Competition Commission on Monday to provide information to evaluate its bid

US Mint resumes gold coin orders on limited basis

The US Mint said it must allocate the American Eagle bullion coins among dealers to cope with overwhelming demand as it resumed taking orders for the popular coins on August 25

Australia regulator targets iron ore in BHPB-Rio Tinto bid

Australia`s competition regulator on Friday identified iron-ore as a potential major concern in evaluating mining giant BHP Billiton`s US$128 billion bid for rival Rio Tinto and said it would make a final ruling on the hostile takeover by October 1

Gold Fields faces US$1.44 billion claim over Western Areas

Gold Fields, the world`s number four gold producer, said on Friday it had received summonses over claims totalling R11 billion (US$1.44 billion) from companies alleging fraud by a subsidiary of the group

US Mint suspends red-hot Eagle gold coins

A shortage of American Eagle bullion coins owing to soaring demand following a recent sharp retreat in gold prices has forced the US Mint to temporarily suspend sales of the popular coins

Glencore plans joint $1.5 billion Zambia power project

Swiss-based Glencore International AG plans a joint investment with Zambia`s Copperbelt Energy Company (CEC) to build a US$1.5 billion hydro power station, a senior CEC official said on Thursday

Strike halts Bangladeshi coal mine

There are about 1,000 workers including 250 Chinese nationals and violence broke out on Wednesday between a group of Bangladeshi and Chinese workers with several injuries